ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Depletion of natural resources
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improving the quality of human resources
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Increased Capital Accumulation
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Technology advances
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Detailed explanation-1: -Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy.
Detailed explanation-2: -Air Pollution, water pollution, solid wastes, agrochemicals, radioactive wastes, greenhouse effect and global warming, ozone depletion, improper resource utilisation and deforestation are some of the main causes of depletion of natural resources.
Detailed explanation-3: -The natural resources contribute at large to the economic development of a nation. Consumption pattern if not addressed will lead to irreversible climate change and declined economic growth, as a result of increased social, economic, and environmental costs and decreased productivity.
Detailed explanation-4: -Natural resources. Power and energy resources. Capital accumulation. Technological resources. Available labor force. Transportation and communications. Education and training. 28-Dec-2021